The Xinavane sugar mill in southern Mozambique is under threat of closure following a decision by its majority owner, South Africa’s Tongaat Hulett, to walk away from its other Mozambican mill at Mafambisse in the centre of the country.
Welcome to Zitamar’s daily Mozambique briefing for 24 June, 2019 Agenda:
- Tomorrow: Independence Day holiday (which will be observed by Zitamar News)
South African sugar producer Tongaat Hulett, which operates two sugar plantations in Mozambique, is entering talks with its creditors after warning investors it made a $90 million loss over the last year - a drastic turnaround from the $44 million profit the company made the year [...]
South African sugar producer Tongaat Hulett has begun work on a $41 million refinery in southern Mozambique to make enough white sugar to satisfy the country’s demand in full. The refinery will be built at the company’s [...]
South African sugar and maize producer Tongaat Hulett expects sugar output to return to previous levels over the next two years, due to the “excellent rainfall” in early 2017. Tongaat Hulett has two estates in [...]